Labor Burden Calculator

The Labor Burden Calculator by Excel For Freelancers is a software solution aimed at small to medium-sized businesses. According to the vendor, this tool is designed to calculate and manage labor costs for various professions and industries, including construction, manufacturing, retail, hospitality, and healthcare.

Key Features

Automated Employee Cost Calculation: According to the vendor, the Labor Burden Calculator automatically calculates actual hourly costs, labor burden costs, full burden rates, and profit margins based on a few entries. This feature aims to increase accuracy and control over employee costs.

Profit Margin System: The calculator uses a profit margin system to flag employees based on minimum and ideal profit margins. According to the vendor, this system helps businesses determine what they can afford and make better decisions regarding employee pay and benefits.

Scenarios for Profit Optimization: The Scenarios feature allows users to enter multiple employees and hours in various combinations to calculate total costs. According to the vendor, this feature helps businesses find the most profitable outcome for a job, shift, or time frame.

Automated Overhead Calculation: The application automatically calculates overhead by entering the type, frequency, and amount of expenses. Overhead is dispersed over employee work hours to provide accurate employee costs, according to the vendor.

Employee Types for Quick Setup: Employee Types can be created with pre-filled data, allowing for quick and simple setup of new employees. Once an Employee Type is entered, all associated data is automatically filled in, according to the vendor.

Full Dashboard for Cost Evaluation: The complete dashboard provides easy access to critical cost and profitability data for both employees and employee types, according to the vendor.

Step by Step Tutorial & Help: The Labor Burden Calculator offers a tutorial, help videos, pop-up bubbles, and a guided tour to assist users. According to the vendor, users are provided with ample resources to navigate and utilize the application effectively.

Company Taxes, Defaults & Details: Company details are entered once and automatically carried over as defaults for each employee, eliminating double entry and tedious setups, according to the vendor.

Single Click Data Export: Critical data, including employees and scenarios, can be exported with a single button click to Excel workbooks. According to the vendor, this feature allows users to recall and use the data in any format or application.

Quick Search and Sort: The built-in search feature helps locate employees quickly, especially in long lists. Users can also sort amounts and percentages by clicking on column headers, according to the vendor.